Tesla China issues price rise for homemade Model Y AWD’s two trims

Shanghai (Gasgoo)- Tesla China issued the second price increase so far this month, indicating the U.S.-based EV is facing growing orders in the world’s largest auto market.

Tesla has raised the prices of two trim versions of the locally-made Model Y AWD by 2,000 yuan ($290) in China, according to the information updated on Tesla China’s official website on Feb. 17. Upon the latest price rise, the Model Y Long Range and Performance versions are now priced at 311,900 yuan ($45,380) and 361,900 yuan ($52,660), respectively.

Model Y; photo credit: Tesla

Notably, the recent move only came one week after Tesla lifted the price of the China-made Model Y RWD version by 2,000 yuan.

The Model Y currently has three locally-made variants available for sale in China. Both the RWD and Long Range trim feature a lead-time of 2-5 weeks, while the Performance version is expected to be delivered in 1-4 weeks.

Tesla announced in early Jan. a significant price reduction for the made-in-China Model 3 and Model Y. In this round, the company lowered the price of the Model 3 RWD by 36,000 yuan ($5,240) to only 229,900 yuan ($33,450).

According to data by the China Passenger Car Association (CPCA), Tesla sold 66,051 China-made vehicles via wholesale in Jan. 2023, representing a 10.37% increase year-on-year and an 18.32% jump month-on-month. This was a pretty outstanding performance as most automakers faced downturn in Jan. sales due to the Spring Festival holiday reason.